None of the ten apartments were sold in the auction for the execution of the Vollard Suite, self-titled the first revolving building in the world, in Curitiba. The minimum bid was BRL 1.4 million, the full value of the loft appraisal.
The bidding started at 11:15 am and, before 11:40 am, it had already ended without a single bid being recorded. For each apartment, which, according to the evaluation, has 164 square meters of private built area and a double garage of 20 square meters, potential interested parties had 180 seconds to make their offers.
Another auction is scheduled for next Thursday (24). This time, the initial bid will be R$849,000, which is equivalent to 60% of the units’ appraisal value. It will be the fourth attempt to auction the building since 2010.
The Vollard Suite, which bills itself as the world’s first revolving building, opened in 2004 but has never been inhabited. It was pledged as a result of the legal problems of Construtora Moro, responsible for the work.
In 2010, it went to auction for R$ 23.76 million, but no interested party appeared. In 2018, the auction took place, but was suspended when the construction company renegotiated the debt.
This time, it is an execution auction, which can only be avoided by paying the debt. The amount collected, according to the company, will be destined to the payment of debts of judicial decisions in the labor sphere, federal tax execution, IPTU and accumulated condominium.
When announced, the cylindrical construction, which is located in a valued region of the capital of Curitiba (the Mossunguê neighborhood), gained prominence in the real estate and architectural scene.
​Designed as a concept building by the architect Bruno de Franco, an admirer of Picasso, and named by him in reference to the artist’s famous series of prints, it earned the nickname “the building that spins” from the Curitibans.
The mechanism that makes it possible to rotate is simple: the center of the structure, where the plumbing for the kitchen and bathrooms is located, is fixed.
With minimal friction, a 40 horsepower engine moves the outer ring of this core, so each floor can move independently to see different parts of the city on the same day.
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